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Austria's Deficit in 2011 at 3.9 Percent
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Published: April 29, 2011; 07:41 ♦ (Vindobona)
Despite the economic recovery, the debt will increase significantly again in 2011. The consolidation will take place from 2013 onwards.
Austria's Deficit in 2011 at 3.9 Percent / Picture: © Vindobona.org
According to the Ministry of Finance, consolidations will “continue” in the years 2012 to 2015. That the current year’s deficit will be well above the Maastricht criteria of 3.0% and that a balanced budget is not in sight, is being concealed.
The deficit planned for 2011 is not as drastic as in the past year at 4.6%, yet the deficit is extremely high for a year of economic…
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